12 days ago I published a chart attempting to predict a potential Market Maker Sell Model. Unfortunately for the shorts, a strong insider short squeeze was set up right before the release of the ItBit / FinCen news. Thereupon the market shot up close to $250 and my small position was stopped out. Looking at today's sell-off, I am seeing signs of the market maker sell model being in effect again. If this is the case, I can see us retesting lows of $215 with potential wicks lower.
1) Right now I am only using this chart as a rough guide, because it aligns with my primary BTC
forecast: . This model sees buys/ longs at potentially $225 - $215 (with stops).
2) My previous Market Maker Sell Model prediction, can be found here: